AAL Stock Is Down Due to Hurricane Ian, and Thousands of Flights Canceled


AAL stock declines as $12.18 as of 01:44PM EDT.

On Thursday, a significant number of airline flights were canceled as a result of Hurricane Ian, which had a significant impact on Florida. According to statistics from FlightAware.com, Allegiant Air (NASDAQ:ALGT) had 39% of its flights canceled, Frontier (ULCC) had 28% of its flights canceled, and Spirit Airlines (NYSE:SAVE) had 24% of its flights postponed.

AAL Stock and Others

Southwest Airlines (NYSE:LUV) and JetBlue (NASDAQ:JBLU) both had large cancellation rate increases of 10% and 20%, respectively. For Thursday in the United States, Delta Air Lines (NYSE:DAL) and America Airlines (NASDAQ:AAL) reported an 8% cancellation rate. Due to the hurricane, more than 5,000 flights have been canceled in the United States since Tuesday.

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While the Tampa airport has not provided an official reopening date, the Orlando airport is anticipated to begin conducting commercial flights later on Friday. Over the next two days, Hurricane Ian is expected to have an impact on airports in Georgia, North Carolina, and South Carolina. The cost of the canceled flights as well as the additional expenditures of relocating crew and aircraft around the storm have not yet been estimated by the airline operators.

Flights Cancellations

By midday ET on Thursday, just over 2,000 flights within the United States had been canceled, according to data from flight monitoring service FlightAware. On Wednesday, more than 2,100 flights within the US were canceled.

At midday on Thursday, Orlando, Tampa, and Jacksonville airports had the most cancellations.

By midday on Thursday, there were also around 1,050 flights booked for Friday that had been canceled.

By midday ET on Thursday, almost 400 Southwest Airlines flights that were scheduled to depart had been canceled, according to FlightAware. Each of AAL and Delta Air Lines has canceled over 250 flights. American passengers can rebook flights with no change fees through airports in Florida, Georgia, and the Carolinas. Affected travelers can now take advantage of flexible procedures that have been implemented by other US carriers like Delta, Southwest, and United.

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